DEPRIZE
Risk Disclosures and Disclaimers
Not available to U.S. persons or anyone located in the United States or another restricted jurisdiction.
Organized by MoonDAO
moondao.com/deprize
Version 1.0
Effective Date: September 10, 2026
Last Updated: September 10, 2026
Review status. Version 1.0 of this document was prepared on September 10, 2026 and is pending review by MoonDAO's counsel before DePrize opens to the public.
This document is incorporated into the DePrize Terms and Conditions (the "Terms") and the DePrize Official Prize Rules. It is written in plain language so that you can understand the main risks before you bet. It does not replace the Terms; if the two differ, the Terms control. Section references are to the Terms unless stated otherwise.
Part A — Risk Disclosures for Bettors
1. You can lose everything you put in. An outcome token pays only if the outcome you backed is reported as the winner. If it is not, your tokens are worth zero. Prices reflect what other participants have paid — not a forecast, not MoonDAO's opinion, and not a guarantee. (Sections 4.4–4.5)
2. A cancelled or no-winner DePrize does not refund your stake. If a DePrize is cancelled or ends with no winner, every outcome token redeems for an equal share (1/N) of the market's collateral, where N is the number of outcomes. If you bought at a price above 1/N (a favorite), you will get back less than you paid. If you bought below 1/N, you may get back more. Only tokens you still hold at resolution are redeemed. (Section 8)
3. MoonDAO is on the other side of your bet. MoonDAO's treasury funds the market maker, so when bettors as a group win, MoonDAO loses (up to a limit), and when bettors as a group lose, MoonDAO gains. MoonDAO also receives the market fee, controls the account that reports the result, sponsors the prize, and owns the project that holds the prize pool. MoonDAO governance participants may have interests in competitors or in the prize campaign. MoonDAO discloses these roles and follows a published conflict-of-interest policy, but the conflicts exist. (Section 5)
4. Resolution is decided by people and cannot be undone. The result is determined by a MoonDAO governance vote applying published criteria, after an expert committee's non-binding review and a public challenge window. Once the result is written to the blockchain it is final and irreversible, even if it later turns out to be wrong. There is no appeal that can change the on-chain result. (Section 7)
5. Whether the prize is actually paid does not affect your tokens. The market resolves on the real-world event. If the winner cannot or does not accept the prize (for example, a government agency, a sanctioned entity, or a team that never claims), your tokens still pay as winning tokens, and the prize pool is handled under the Prize Rules. You have no claim on the prize pool. (Section 7.4)
6. 5% of every bet goes to the prize, not to your position. About 5% of the ETH you send is a non-refundable contribution to the prize pool. It is not held in the market and is not returned if the DePrize is cancelled. You may receive a governance token for that contribution — the token of the launchpad mission this particular DePrize funds, not a DePrize-wide token, so it differs between DePrizes — at a rate that may be much lower than earlier contributors to that campaign received. That token is governed by the bound campaign's own terms, carries no expectation of profit, and is not a reason to bet. (Section 10)
7. Fees, slippage, and gas reduce what you get. The market charges roughly a 1% fee on trades. Large orders move the price, so your average price can be worse than the displayed odds. Every on-chain action costs gas. Displayed odds, payouts, and multiples are estimates. (Section 11)
8. Superseded generations are exit-only. If a DePrize moves to a new generation, betting on the old one closes; you can sell back to the old market at its price, but positions are not refunded or repriced, and the old market's price may not reflect the live odds. (Section 6.4)
9. Competitors did not agree to be listed. Teams are listed by MoonDAO based on public information. Listing does not mean a team has entered, endorsed, or partnered with DePrize, and teams can drop out, fail, or be excluded from future rosters. An "Open Field" outcome is a bet on an unnamed class of entrants. (Section 6)
10. Smart contracts, keys, and networks can fail. The DePrize contracts and their dependencies may contain bugs or be exploited, even if audited. Some contracts are upgradeable or have owner-controlled settings held by MoonDAO accounts. Blockchain networks can be congested or halted. If you lose your keys, you lose your tokens. (Sections 5.5, 14)
11. ETH is volatile. Bets and redemptions are in ETH. Its value in your local currency can change substantially between the time you bet and the time you redeem. No fiat refunds are made. (Section 8.4)
12. Law and regulation can change or end the Service. Prediction markets are regulated or prohibited in many countries and their status is changing quickly. Regulatory action could restrict or terminate the Service or your ability to use the Site to redeem (redemption directly against the contracts is permissionless). (Section 14)
13. You may be breaking the law where you live. DePrize is not offered to U.S. persons or to anyone in a Restricted Jurisdiction (Terms, Schedule A). Elsewhere, it is your responsibility to determine whether participation is legal. MoonDAO is not registered with any financial or gaming regulator. (Section 3)
14. Your activity is public and permanent. Your wallet address and every bet, cash-out, and redemption are recorded on a public blockchain forever and can be linked to you. (Section 12; DePrize Privacy Notice)
15. Taxes are your problem. Gains, redemptions, and tokens you receive may be taxable. MoonDAO does not withhold tax or issue tax forms to bettors. (Section 13)
16. Only bet what you can afford to lose. If your participation is causing you concern, you can ask MoonDAO to exclude your wallet, and help is available: GamCare (UK) 0808 8020 133; Gambling Help Online (Australia) 1800 858 858; National Council on Problem Gambling (U.S.) 1-800-GAMBLER; Gamblers Anonymous (international) www.gamblersanonymous.org. (Section 11.5)
Part B — Disclosures for Competitors and Prize Claimants
- Listing is not entry, endorsement, or affiliation, and creates no obligation on the listed organization. (Prize Rules, Section 3)
- No purchase or bet is necessary to compete for or win a prize, and betting does not affect who wins. (Prize Rules, preamble and Section 5.4)
- The prize is variable and not guaranteed. It is the ETH balance of the prize pool at resolution, fluctuates with contributions, betting and the price of ETH, and is paid 30% at Milestone 1 and 70% at Milestone 2; the second tranche is forfeited if Milestone 2 is not completed within the deadline. (Prize Rules, Sections 6 and 9)
- The prize is paid only to a Prize-Eligible Winner that claims within 90 days, passes identity, ownership, and sanctions verification, provides tax documentation, and signs a Prize Acceptance Agreement. Winning the market is not, by itself, an entitlement to be paid. (Prize Rules, Sections 4, 5 and 9)
- Your people cannot bet. Officers, directors, employees, contractors, advisers, significant investors and their households may not trade in the market. (Prize Rules, Section 8)
- Determination is final once reported on-chain. Challenges must be raised in the 72-hour challenge window. (Prize Rules, Section 7)
- The prize is taxable income to the recipient; MoonDAO reports and withholds as required by law. (Prize Rules, Section 10)
Part C — Standard Disclaimers
The following disclaimers apply to the Site, to all DePrize communications, and to any material MoonDAO or its community publishes about a DePrize.
Not an offer, advice, or recommendation. Nothing published about DePrize is investment, financial, legal, tax, or gambling advice, or an offer or solicitation to buy or sell any security, derivative, or other financial instrument in any jurisdiction. Prices and "chance to win" figures are market data, not predictions.
Not registered. DePrize is not listed on any exchange registered with the U.S. Commodity Futures Trading Commission or any other regulator, and MoonDAO is not registered as a designated contract market, swap execution facility, broker, dealer, futures commission merchant, betting operator, or bookmaker in any jurisdiction. Outcome tokens have not been registered under the securities or derivatives laws of any jurisdiction.
Jurisdictional exclusion. DePrize is not offered to U.S. persons or to persons located in Restricted Jurisdictions, including the European Union, the European Economic Area, and the United Kingdom, as set out in Schedule A to the Terms. Persons who access DePrize in breach of these restrictions do so at their own risk and in breach of the Terms.
No endorsement by competitors. Competitors are listed at MoonDAO's editorial discretion. Listing does not mean the organization has entered, endorsed, or is affiliated with this prize. Bets are on outcomes, not on any affiliation. Names and marks belong to their owners and are used for identification only.
Conflicts of interest. MoonDAO is the market maker, fee recipient, oracle, and prize sponsor for every DePrize and may profit when bettors lose. MoonDAO governance participants may hold interests in competitors or prize campaigns; see the Terms, Section 5, and the Prize Rules, Section 8.
Forward-looking statements. Statements about competitors' plans, timelines, capabilities, or likelihood of success, and about the size or timing of any prize, are based on public information and assumptions, are not guarantees, and may prove wrong.
Prize amounts. Any prize figure is approximate, denominated in ETH, fluctuates continuously, is subject to milestone conditions and eligibility, and may never be paid. Fiat equivalents are conversions at the time shown.
Governance tokens. $MOONEY, vMOONEY, and the Launchpad project token of whichever mission a DePrize is bound to ($OVERVIEW in the case of the Overview Effect Flight) are governance tokens issued for participation in MoonDAO or mission governance. They are not offered as investments, carry no expectation of profit, and their regulatory status may differ by jurisdiction.
No warranty. The Service, the Site, and all information are provided "as is" and "as available" without warranty of any kind. See the Terms, Section 16, and the Website Terms and Conditions, Sections 19 and 20.
Part D — Short-Form Notices for Marketing and Social Media
Use one of the following, unabridged, wherever DePrize odds, prizes, or markets are mentioned outside the Site. Where character limits make this impossible, link to this page.
Standard (odds or market content).
DePrize is a real-money prediction market operated by MoonDAO. You can lose everything you bet. Not available to U.S. persons or in restricted jurisdictions. MoonDAO is the market maker, oracle and prize sponsor. Not investment advice. Terms: moondao.com/docs/deprize-terms-and-conditions
Prize content.
Prize amounts are approximate, in ETH, fluctuate, and are paid only to an eligible winner in milestones. Listing a team does not mean it has entered or endorsed DePrize. Rules: moondao.com/docs/deprize-official-prize-rules
Minimum (character-limited).
Real-money prediction market. You can lose your stake. Not for U.S. persons. Not advice. moondao.com/docs/deprize-risk-disclosures-and-disclaimers
Community members and influencers who receive compensation (including tokens) from MoonDAO must disclose that relationship clearly in any post about DePrize.